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2007 Florida Statutes

Section 673.3061, Florida Statutes 2007

673.3061  Claims to an instrument.--A person taking an instrument, other than a person having rights of a holder in due course, is subject to a claim of a property or possessory right in the instrument or its proceeds, including a claim to rescind a negotiation and to recover the instrument or its proceeds. A person having rights of a holder in due course takes free of the claim to the instrument.

History.--s. 2, ch. 92-82.